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14 Common Project Risks (+ more)

Rebel’s Guide to PM

The causes of risk vary by project, but the need to identify it is a constant where a project manager adds value. It’s our job to facilitate the discussion and extract those risks so they can be actively managed: that’s the risk management process. Plus, there should be a business case for the project! Reduced budget.

Risk 320
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Increasing Profitability In Times of a Crisis: How the Right Approach to Project and Resource Management Can Help Improve Business Outcomes

Epicflow Blog

Read more: Saving Сosts in a Long-Term Perspective: How a Resource Management Solution Will Help You Gain More in the Long Run Among other things, effective project and resource management plays an important role in ensuring the above-mentioned outcomes.

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Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., Michael, International Journal of Project Management , 19, pp. 3, March 2002.

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A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. Michael, International Journal of Project Management , 19, pp. 24, 2010.

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Black Swans

Herding Cats

They are not the same, the processes of decision making are not the same. Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. These behaviors are by their nature intractable to standard project management processes.

2002 34
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Black Swans

Herding Cats

They are not the same, the processes of decision making are not the same. Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. These behaviors are by their nature intractable to standard project management processes.

2002 28
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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. All project work has uncertainty. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute.

2003 46